Businesses in North America are balancing growth, resilience, and compliance amid evolving trade policies and geopolitical challenges, according to new research from Economist Impact and DP World.
CHARLOTTE, NC / ACCESS Newswire / January 28, 2025 / In the face of shifting trade dynamics, heightened protectionism, and complex geopolitical landscapes, North American businesses are leveraging diversification and technology to drive growth and resilience, according to the 2025 Trade in Transition report by Economist Impact and DP World.
The North American report highlights a marked shift in trade strategies, as firms respond to challenges such as the renegotiation of the United States-Mexico-Canada Agreement (USMCA), protectionist trade policies, and labor shortages. Diversification, nearshoring, and technology adoption emerge as central strategies for businesses looking to mitigate risks and seize growth opportunities.
Key findings from the North America regional insights include:
Diversification for Growth and Resilience: Over 50% of North American executives prioritize diversification as a supply chain strategy, surpassing the global average. While American firms see diversification as a growth enabler, Canadian and Mexican businesses emphasize risk mitigation due to their reliance on the U.S. market.
Nearshoring Gains Momentum: Supported by the USMCA, 38% of U.S. firms are turning to nearshoring and reshoring to streamline operations and enhance regional supply chain integration. Mexico has become a key destination for manufacturing investment, benefiting from shorter lead times and cost efficiencies.
Technological Innovation Drives Efficiency: With 51% of executives citing technology as critical to addressing labor shortages, businesses are increasingly adopting automation and artificial intelligence to enhance productivity, reduce reliance on manual processes, and build resilient supply chains.
Regional Trade Adjustments and Opportunities: As North America seeks to reduce reliance on global suppliers, the USMCA plays a pivotal role in fostering intra-regional trade. However, the impending renegotiation of the agreement in 2026 underscores the need for businesses to remain agile.
Brian Enright, CEO and Managing Director of DP World Americas, said: "Diversification and regional supply chain strategies are not just about mitigating risks-they are fundamental to maintaining competitiveness in an increasingly uncertain trade environment."
Despite challenges, North American firms demonstrate a robust commitment to reconfiguring supply chains, investing in technology, and fostering regional partnerships to thrive in a complex global market.
To view the full report, click here.
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DP World Americas Media Contact:
Melina Vissat, Head of Communications
M: (+1) 704-605-6159
E: melina.vissat@dpworld.com
About DP World
DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer's door.
In the Americas, DP World operates with a team of over 16,000 people across 12 countries, driving excellence through a robust network of 14 ports and terminals and more than 40 warehouses. By harnessing our global reach and local expertise, we simplify logistics, enhance operational performance, and redefine the boundaries of what's possible in global trade.
WE MAKE TRADE FLOW.
For more insights into how DP World is reshaping global trade, visit our website: www.dpworld.com.
View additional multimedia and more ESG storytelling from DP World on 3blmedia.com.
Contact Info:
Spokesperson: DP World
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SOURCE: DP World
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